Quattro Exploration and Production Ltd QEXXF

hmmmm

[coffeeguy331]

read the TORC Oil press release on April 27? Could this be an indicator of QXP's assets in Sask?

[elgaveeno]

The PR basically says they aquired what they already said they owned, gave McMullen back to Cote as part of the settlement. Alll "new" property is basically part of that. It's pretty funny/irresponsible of them to assume the Wood Mountain property has 25M barrels without a completion, and no produciton for townships. At least we know the first milestone of the plan is to double

[marketwolf]

Wrong again, They sold Divide and 50% of Wood Mountain to Cote Resources a couple of years ago. Now, they are buying those assets back by selling 20% of the heavy (non-economic) oil property. That was a good move, McMullen will not be economic under USD $80 oil.

[eigaveeno]

And huge upside in Saskatchewan, according to TORC Oil press release. $430 million cash including $75,000 per BOE. Sweet move for QXP!

[elgaveeno]

"The purchases were funded from working capital, the sale of the Company's operated 100% (BPO) interest and 20% (APO) interest of certain heavy oil properties in the McMullen region of Alberta, and the crediting of all associated prepaid costs owing to Quattro from the seller that occurred prior to the effective date of January 1, 2015, having a book value of $1,347,700, in addition to

[mickina]

I knew you will come up again with your bashing as usual. Get a life!